Direct Credit definition

Direct Credit means the facility by which you may elect to pay superannuation contributions on behalf of your employees by electronic transfer from your financial institution account to the PayClear Bank Account.

Direct Credit means a payment instruction initiated by an originator for onward credit to a receiver for a payroll credit, dividend payment, wire transfer or any other such instrument that allows a person to arrange a credit transaction in favour of another;

Direct Credit means a direct deposit of money by a payer into a payee's account. This includes NPP Payments into a payee’s account.

Examples of Direct Credit in a sentence

• Direct Credit of Redemption / IDCW Proceeds / Refund if any - Helios MF will endeavor to provide direct / electronic credit for IDCW / redemption payments into the investors bank account directly.

• Direct Credit is now available with: Axis Bank, BNP Paribas Bank, Citibank, Deutsche Bank, HDFC Bank, HSBC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, SBI, Standard Chartered Bank, YES Bank.

• Notwithstanding the above provisions, if you are a recipient of income support payments from Centrelink, we will only seek to recover the funds from you in accordance with the Code of Operation for Centrelink Direct Credit Payments.

• AMC shall not be responsible if transaction through ECS / Direct Credit could not be carried out because of incomplete or incorrect information provided by investor.Investors subscribing to the scheme through SIP must complete Registration cum Mandate form compulsorily alongwith application form Sponsor : State Bank of India$ TEAR HEREInvestment Manager : SBI Funds Management Pvt.

• In case the bank account of an investor is not covered under Direct Credit facility but covered under NEFT system offered by the RBI then the payment of redemption / dividend proceeds (if any) shall be effected via NEFT mechanism only.

More Definitions of Direct Credit

Direct Credit means a direct transfer of cleared funds from either the client account of the Buyer's conveyancers, maintained at a clearing bank, or another account maintained at a clearing bank approved by the Seller's Conveyancers, to an account nominated by the Seller's Conveyancers and maintained at a clearing bank;

Direct Credit. – means the transfer of funds initiated by you from an account with an Australian financial institution to the Facility.

Direct Credit means automated credit transfer via BACS.

Direct Credit. The standard payment procedure for Learning Media’s invoices will be by direct credit to its account specified in this Agreement.

Direct Credit balances under (and as defined in) the Brink’s Agreement, but only to the extent that such balances are not repaid when due or, in any event, prior to the time that an “Event of Default” (under and as defined in the Brink’s Agreement) would arise under the Brink’s Agreement as a result of any such nonpayment;

Direct Credit means the payment by a Client at one of the approved Payment Service Providers.

Direct Credit means an electronic payment instruction initiated by you which instructs us to transfer money from your account(s) to the account of a third party;